Imperial Brands (IMB) Given a GBX 3,740 Price Target by Goldman Sachs Group Analysts
A number of other equities analysts have also recently weighed in on IMB. Royal Bank of Canada raised shares of Imperial Brands to an outperform rating and upped their price objective for the company from GBX 3,500 ($47.11) to GBX 3,600 ($48.45) in a research report on Monday, August 21st. J P Morgan Chase & Co increased their price target on shares of Imperial Brands from GBX 3,600 ($48.45) to GBX 3,770 ($50.74) and gave the stock a neutral rating in a research report on Wednesday, August 23rd. Deutsche Bank set a GBX 4,100 ($55.18) price target on shares of Imperial Brands and gave the stock a buy rating in a research report on Wednesday, August 30th. Jefferies Group reduced their price target on shares of Imperial Brands from GBX 4,200 ($56.53) to GBX 4,100 ($55.18) and set a buy rating on the stock in a research report on Wednesday, September 6th. Finally, Barclays set a GBX 4,300 ($57.87) price target on shares of Imperial Brands and gave the stock a buy rating in a research report on Wednesday, September 6th. Four investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company has an average rating of Buy and an average target price of GBX 3,888.44 ($52.33).
Imperial Brands (IMB) opened at GBX 3,088 ($41.56) on Monday. Imperial Brands has a 12-month low of GBX 3,013 ($40.55) and a 12-month high of GBX 3,956.50 ($53.25).
The firm also recently disclosed a dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, February 22nd will be paid a dividend of GBX 59.51 ($0.80) per share. The ex-dividend date is Thursday, February 22nd. This represents a yield of 1.87%.
In other Imperial Brands news, insider Simon Langelier acquired 31 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The shares were purchased at an average price of GBX 3,258 ($43.85) per share, for a total transaction of £1,009.98 ($1,359.33).
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About Imperial Brands
Imperial Brands PLC, formerly Imperial Tobacco Group PLC, is a fast-moving consumer goods company. The Company offers a range of cigarettes, fine cut and smokeless tobaccos, papers and cigars. The Company’s segments include Growth Markets, USA, Returns Markets North, Returns Markets South and Logistics.
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